#FuturesTrades is
free along with being a serious professional trading chat room and any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies.
This is not a signal calling chat room nor is the chat room designed to be educational. #FuturesTrades is designed to be a
trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day. Yet, you will see members providing useful
trading tips that may or may not help with your trading.
Therefore, we welcome all traders with their own methods or different perspective of the markets as long as they do not violate our
Terms of Use (TOU) Policy.
Thanks for reading the trades or market commentaries that's below and it's highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful
trading tips not discussed anywhere else online nor in any books.
Posted by M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
------------------------
Session Start: Fri Jun 04 09:46:57 2010
Session Ident: #FuturesTrades
[09:46] * Now talking in #FuturesTrades
[09:46] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:47] <rickf> eit es 1080.80 +3.25 paper
[09:47] <+rickf> profits reached
[09:48] <+rickf> 1080.50 on that fill
[09:56] <+rickf> jeez the new SPY weeklys are seeing a ton of volume for opening day
[10:06] <Time4now> waiting for a pop either way, but it's just sideways
[10:09] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[10:45] <+rickf>
[11:39] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[12:11] <+Time4now> did everyone take the day off?
[13:07] <codehead> looks like it
[13:08] <+codehead> i took a nap half hour ago with the mkt in a coma
[13:08] <+Time4now> I'm going to take another break here
[13:09] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[13:21] <+rickf> back ... just finished watching french open over lunch
[13:30] <+codehead> NQ has seller at 1851.00, holding things for now
[13:33] <+rickf> yaaawwwn
[13:34] <+codehead> i actually tried a stop-but order above it earlier, something went back and it bought that price instead, took a couple point loss, got one back... will wait till that price cleared
[13:34] <+codehead> "something went bad"
[13:34] <+codehead> not back
[13:35] <+rickf> slight trend lower, but generally flatlined since 11 or so.
[13:35] <+codehead> Ym looking better for a long
[13:35] <+codehead> than NQ
[13:47] <+codehead> NQ lod is .786 exact
[13:48] <+codehead> Ym prolly long, but if low breaks long frame will prolly be back down
[13:49] <+codehead> NQ looks like bounce
[14:02] <Inertia> it seems that my prediction yesterday about a trend day 2day was a good 1
[14:14] <+codehead> long 1841.00 NQ <paper>
[14:15] <+codehead> exit half NQ +1.50 <paper>
[14:15] <+codehead> raise stop to b/e -1.25
[14:22] <+codehead> exit NQ +5.00 <paper>
[14:28] <+codehead> maybe bounce after oil close
[14:28] <+codehead> long NQ 1841.00 <paper>
[14:28] <+codehead> 5 tick stop
[14:29] <+codehead> exit flat
[14:29] <+codehead> oil dumping into close
[14:30] <+codehead> long 1841.00 NQ <paper>
[14:33] <+codehead> exit half NQ +2.00 <paper>
[14:36] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[14:36] <+codehead> 2 pt stop remainder <paper>
[14:37] <+Inertia> IBD has reported that the Nasdaq Composite has now had a follow through day on the rally that began last week and that the market is now in a confirmed up-trend
[14:37] <+codehead> NQ really needs to see a ghigher high
[14:37] <+codehead> sotpped -2.00 NQ remainder <paper>
[14:38] <+Inertia> they must have been looking at the charts upside down
[14:38] <+Inertia>
))))))))))))
[14:38] <+codehead> sheesh, my long frame rolled down on NQ 4 hours ago, been dropping since
[14:39] <+codehead> 37 points so far
[14:39] <+Inertia> this was yesterday
[14:43] <+codehead> seems due for bounce
[14:44] <+codehead> lotta divergence going on
[14:45] <+codehead> long NQ 1838.75 <paper> 2 pt stop
[14:45] <+codehead> just a gamble
[14:46] <+codehead> entry calculated based on the stop only, not signal
[14:46] <+codehead> exit half NQ +3.00 <paper>
[14:48] <+codehead> stop hit remainder, -2.00 <paper>
[14:49] <+codehead> brutal on the headfake
[14:49] <+Time4now> goodness
[14:51] <+codehead> NQ should bounce 1830 area
[14:52] <+codehead> 1831 was last low
[14:54] <+codehead> and 1831.00 tapped
[14:58] <+codehead> long NQ 1831.50 <paper>
[14:58] <+codehead> 2 pt stop for now
[14:59] <+codehead> exit half NQ +2.00 <paper>
[15:13] <+codehead> exit NQ +5.25 <paper>
[15:13] <+codehead> needs to break 1838.00
[15:13] <+codehead> bottom should be in, just done watching
[15:21] * +Time4now long tf 637.1
[15:28] * +Time4now out 635.1
[15:35] * +Time4now long tf 635.6
[15:37] * +Time4now out 636.7
[15:41] <+Inertia> [15:13:34] <codehead> bottom should be in, just done watching >>> the market is different than a house in that it does not have a ceiling or a floor
)
[15:42] <+codehead> dude
[15:42] <+codehead> get a life
[15:42] <+Inertia> it was not meant to offend you
[15:42] <+Inertia> it is an observation
[15:43] <+codehead> well, what i meant was... you seem to file away what people say so you can say they were wrong later--what does that do?
[15:44] <+Inertia> maybe you are right and I appologize
[15:44] <+codehead> no problem--lol--i wasn't actually bent out of shape or anything
[15:44] <+Inertia> I am taking note of what people say b/c their oppinions make the market move
[15:45] <+codehead> yeah, when we hit 1838.00 over and over and couldn't get thru, i questioned whether it was setup to squeeze longs into the close
[15:45] <+Inertia> I have lost 2 much money because of my opinions
[15:45] <+codehead> i'm trying to trade what i see... made a mistake on a trade earlier, physical error, so took one more quickie and quit for the day
[15:46] <+codehead> having trouble placing trades this week, only took a few
[15:46] <+Inertia> but recently (in sim at least) I am trying to get rid of my biases and opinions
[15:47] <+Inertia> I should have said that at least in sim I mange to do that but live trading is totaly different
[15:48] <+codehead> yeah
[15:48] <+codehead> i have signals i feel comfortabel with now, just not always takign the trades
[15:49] <+codehead> lol, i thought we'd do this, looks like i'll make a few bucks on an option i bought at lows
[15:49] <+codehead> thoguht it was margin call squeeze
[15:49] <+codehead> now time for short to take profit on great run
[15:49] <+Inertia> also, when some 1 expresses an opinion, I tend to be influenced by it
[15:49] <+codehead> me too
[15:50] <+Inertia> maybe they know better than me
[15:50] <+codehead> messes me up royally
[15:51] <+Inertia> the bottom line - as far as i understand it - is that trading methodology is not complicated or difficult but the emotional aspect is the golden key
[16:00] <+Time4now> i tried to capitalize on a few bullish hammer formations, but the market was too bearish to allow them to work
[16:02] <+Inertia> did u have any bearish hammer formations?
[16:03] <@X> #FuturesTrades Purpose -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended. More info about the chat room @
http://www.thestrategylab.com/ftchat/forum[16:04] <+Time4now> I searched but only found them in hindsight
[16:04] <+Time4now> one formed right after my long entry
[16:04] <+Time4now> on a different time scale
[16:04] <+Time4now> didn't see it
[16:12] <+Time4now> seeya folks
[16:20] <+codehead> have a good weekend
[16:25] <pdays>.
-------------------------
#FuturesTrades is
free and is a serious professional trading chat room in which any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action only trader (no indicators) because some members use indicators while others do not.
Therefore, we welcome all traders with their own methods and different perspective of the markets. To gain access to #FuturesTrades...please follow the instructions at the below link.
http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5The purpose of #FuturesTrades is that it's designed to be a
trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.
Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others.
In addition, our primary job in the
free chat room is to moderate the room (keep the peace) because with so many members using different methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a
spam free chat room during trading although these archived chat logs may contain advertisments for guest visitors. More information about #FuturesTrades @
http://www.thestrategylab.com/FuturesTradesChatRoom.htm Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies GBPUSD, EurUsd, EurYen and UsdCdn
Exchange Traded Funds VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
Hang Seng Index Futures HSI and mini-Hang Seng MHI
Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or trade signals via concepts from our strategies in the
private chat rooms called
#VolatilityTradingTSL or
#SwingTradingTSL and they're not allowed to do such in #FuturesTrades.
Reminder, our
Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that #FuturesTrades is a serious professional trading chat room and we expect members to act
professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.
Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time. Best Regards,
M.A. Perry
Trader and Founder of
WRB Analysis (wide range body analysis)
@
http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
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